ING Real Estate buys 19 retail properties from WE Vastgoed (NL)

ING Real Estate acquired nineteen retail properties in prime locations in the Netherlands from WE Vastgoed for an amount of €28 million. The total portfolio has a gross lettable area of 7,000 m². Eight properties are leased long term to WE Netherlands as part of a sale and lease back transaction.

Nine properties will be added to the ING Dutch Retail Fund. Ten properties have been acquired by the ING Real Estate Woning-Winkel Fonds III CV, which is expected to close on 28 December 2005.

Source: ING Real Estate

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